This does not align with buying most buildings in cash.Once you progress in your investing efforts you may come across more UHNW individuals, family offices and institutions who would take the lower return for limiting risk (all cash deal).

Buy a house cheap, rehab it, and keep it for a rental for a few years.

What made you interested in investing in this type of deal?

I've paid for a handful of programs over the years from cheap to expensive and narrow-focused to broad-based. 

Hey everyone! I’m curious, what’s been the biggest hurdle for you when it comes to securing funding for your real estate projects?
Whether you’re flipping, building, or investing in rentals, I’d love to hear about yo...

Loopnet has some comp information, but requires a paid (and not cheap) account to see it.Commercial properties are generally valued based on income, not comps per se. 

If you are going to move forward with this deal, you’ll want to have a review of HOA financials.  

Is the GP okay not doing a deal for 1 year IF they do not love a deal?

Assuming your debt is SUPER cheap and only costs you 12% you’ll save $22,800 TAX FREE  So the combination is saving $60k at 12% (or more) is $7,200/yr and $130k in the bank at only 4.5% is another $5,850/yr  so you’re over $13k GUARANTEED instead of a chance to make $7,200 before taxes  

Are there still deals to be found by a new solo investor in LA?